Aluminum manufacturers are producing customized
aluminum alloys for automobile manufacturers to produce light weight vehicles.
The use of aluminum alloys in vehicles reduces carbon emissions, increases fuel
economy and improves overall stability as aluminum alloys considerably reduce
vehicle body weight. This is primarily driven by stringent emission regulations
and growing pressure to improve economy by many national and state governments.
For instance, the US government’s federal emission standards, makes it
mandatory for automobile manufacturers to increase corporate average fuel
economy (CAFE) from 35.5 miles per gallon (mpg) in 2016 to 54.5 mpg by
2025.This increase in CAFE is being achieved by increasing the aluminum content
in the vehicle’s body to reduce its weight by around 30%. In line with this
trend, global automobile manufacturers are increasing the aluminum content in
their vehicles. For instance, in 2015, automobile manufacturer Ford launched
its all-aluminum body F-150 mini truck which was 700 pounds lighter than the
vehicle’s earlier version.
THE BUSINESS RESEARCH COMPANY EXPECTS THE ALUMINA AND ALUMINUM
PRODUCTION AND PROCESSING MARKET TO GROW TO $297
BILLION BY 2021
Asia Pacific was the largest region in the alumina and
aluminum production and processing market in 2017, accounting for two-fifth of
the market share. This can be attributed to region’s large manufacturing,
automobile, transport, and electrical market, especially in countries such as
China, Japan, and Korea.
Order the report at: https://www.thebusinessresearchcompany.com/report/alumina-and-aluminum-production-and-processing-market-global-briefing-2018
The chart below shows the year-on-year growth of the
global alumina and aluminum production and processing market during 2017 – 2021
According to The
Business Research Company’s Consultant, Nitin Gianchandani, hot forming is a
disruptive process in which aluminium parts are heated, pressed, and quenched
within a matched die tool. Cold forming technique produces only geometrically
simple parts, whereas hot forming supports use of thinner, lighter aluminium
parts with more complex shapes. Treating aluminium at elevated temperatures of
600oC to 980o C increases its formability. This results
in high strength, low weight, and cost-effective components for aluminium
structure.
Download a sample of the report at:
Rio Tinto was the largest competitor with 3.6% of the
market share, generating revenues of $9.3 billion for the financial year 2016.
Rio Tinto’s growth strategy is to focus on high growth aluminum and aluminum
alloys products and it is seeking to exit assets that do not fit this criteria.
The company will continue to focus on its high returning growth projects,
including the Amrun bauxite project, an aluminium development project. It
expects to invest around US$5.0 billion in capital expenditure during 2017.
The alumina and aluminum production and processing
industry include establishments mainly involved in alumina extraction primarily
from bauxite ore, producing aluminum from alumina, recovering aluminum from
scrap or dross, refining aluminum by any process, alloying purchased aluminum
and rolling, drawing, casting, extruding and alloying aluminum.
Alumina And Aluminum Production And Processing Market Global
Briefing 2018 is a detailed report giving a unique
insight into this market. The report is priced at $1000 for an individual user.
To use across your office, the price is $1500 and $2000 if you wish to use
across a multinational company.
About The Business Research
Company:
Visit TheBusinessResearchCompany.com, mail info@tbrc.info or call
+447443439350 or +918897263534 or +919160996838 for more information on this
and many other titles.
The Business Research Company is a market research and
intelligence company, which excels in company, market and consumer research.
It has research professionals at its offices in the UK, India and
the US as well a network of trained researchers globally. It has specialist
consultants in a wide range of industries including manufacturing, healthcare,
chemicals and technology.
The Business Research Company's management has more than 20 years
of varied business research experience. They have delivered hundreds of
research projects to the senior management of some of the world's largest
organizations.
Contact Information:
The
Business Research Company
Europe:
+44 207 1930 708
Asia:
+91 8897263534
Americas:
+1 315 623 0293
Email: info@tbrc.info
No comments:
Post a Comment